Gurus focused most of their selling fury on technology stocks, starting off in the chip sector by cashing out of semiconductor equipment company Applied Materials and integrated circuit maker Linear Technology.

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In 1959 Robert Noyce of Fairchild Semiconductor and Jack Kilby of Texas Instruments each invented the integrated circuit, etching a transistor onto a two- dimensional chip of silicon.

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Gurus focused most of their selling fury on technology stocks, starting off in the chip sector by cashing out of semiconductor equipment company Applied Materials (nasdaq: AMAT - news - people ) and integrated circuit maker Linear Technology (nasdaq: LLTC - news - people ).

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